USDA Loan

What is it?

The USDA (United States Department of Agriculture) offers mortgage products with special terms for homes purchased in designated rural and suburban areas. The primary advantage of mortgages guaranteed and insured by the USDA is that there is zero down payment with accessibility to competitive interest rates and low monthly payments.

Who can it help?

One of the defining factors of USDA mortgages is that there are income limits when going through the qualification process. Income limits vary by location, however if you are interested in purchasing a home in a USDA location and you intend on living in the home, this could be the mortgage option for you!